Dow can be a saving grace to the US economy{play the market}

vishalgnu · #1 4th October 2006, 01:13 PM

The Dow Jones Industrial Average rose to a record high, as stocks rallied on a sudden fall in the commodity market, the two months decrease in oil price accelerated and improved the outlook for the consumer spending on Tuesday, as oil prices fell sharply, but the broader stock-market remained well below their peaks of the high-technology boom. Oil prices fell below $59 a barrel, the lowest level since February, reducing worries about inflation. Crude oil for November delivery fell 3.9 percent to $58.68 a barrel in New York, the lowest close since Feb. 16. It was the biggest one-day decline since Aug. 17, 2005. Lower energy costs give consumers more money to spend, benefiting retailers.
With a record several times in recent days, the blue-chip stock index finally broke above the previous high set more than six years ago, Wal-Mart Stores Inc., the world's largest retailer and Boeing Co., the world's second-biggest maker of commercial aircraft; and United Technologies Corp., the maker of Otis elevators and Carrier air conditioners, led the Dow to a close of 11,727.34.
The Dow climbed 56.99, or 0.5 percent, in exceeding its peak of 11,722.98 on Jan. 14, 2000. Since the last bear market ended four years ago, the Dow has risen 61 percent, the record followed the best third quarter since 1995 for the average, which includes many of the biggest U.S. companies by market value, as the Federal Reserve stopped raising interest rates.
The Standard & Poor's 500 Index added 2.79, or 0.2%, to 1334.11.
The NASDAQ Composite Index was up 6.05, or 0.3%, at 2243.65. I feel this is a good sign for the US economy too , as the slowdown seems even far away with such good results in the market .
play the market......

sharegate · #2 5th October 2006, 12:35 PM

Breaking 6-1/2 year’s record and 61 percent overall rising is the good sign for the Dow Jones. Decline in the commodity market and rise in technology shares contributed Dow to reach record level high. It seems there is a good market for the technology shares in the near future.
Vishalgnu done good analysis on the markets.

Cheers.

Similar Threads for: Dow can be a saving grace to the US economy{play the market}
Thread	Thread Starter	Forum	Replies	Last Post
What is a market economy?	kuldeep49	Equities	2	4th June 2006 06:11 PM
lets play kaun benaga corepati stock of the year	swapnil007	Equities	17	5th May 2006 09:48 PM
Volume Play!!!	sanjoy_roy	Equities	5	10th February 2006 06:03 PM
Saving a suicide	sh50	General Chit Chat	19	28th August 2005 09:20 AM
Derivative Tax Saving	BHARTIJH	Taxation Matters	0	16th July 2005 01:17 AM